From 30-Year Legacy to Stock Market Debut: Anand Rathi IPO Launches Next Week
Bilkul Bazaar
Ahmedabad: Anand Rathi Share and Stock Broker Limited, one of India’s leading full-service brokerage houses, is set to launch its maiden Initial Public Offering (IPO) on Tuesday, September 23, 2025. The three-day issue will close on Thursday, September 25, 2025. The company has fixed the price band at ₹393–₹414 per equity share of face value ₹5 each, with a minimum lot size of 36 shares and in multiples thereof.
The IPO comprises a fresh issue aggregating up to ₹745 crore. Of this, ₹550 crore will be utilised to fund working capital requirements, while the balance will be directed towards general corporate purposes.
Legacy of Over Three Decades
With more than 30 years of experience, Anand Rathi Share and Stock Broker has built a strong presence in India’s financial markets under the ‘Anand Rathi’ brand. Its services span equity, derivatives, commodities, and currency trading, along with margin trading and distribution of financial products. The company caters to a wide spectrum of clients including retail investors, HNIs, UHNWIs, and institutions.
The brokerage operates through 90 branches across 54 cities and is supported by 1,125 authorised persons in 290 cities. Its extensive network, backed by robust digital and online platforms, ensures deep reach across tier-1, tier-2, and tier-3 markets.
Strong Growth Momentum
The company has delivered consistent financial growth over the last two years. Revenue from operations rose from ₹4,678.26 million in FY23 to ₹8,456.98 million in FY25, recording a CAGR of 34.45%. Net profit surged even faster, growing from ₹377.45 million in FY23 to ₹1,036.06 million in FY25 at a CAGR of 65.68%.
As of March 31, 2025, Anand Rathi had 1,86,859 active clients, with 84.36% above the age of 30, indicating strong engagement among mature investors.
IPO Structure
Issue Size: Fresh issue of up to ₹745 crore
Price Band: ₹393–₹414 per equity share
Bidding Dates: September 23–25, 2025
Lot Size: Minimum 36 shares and in multiples thereof
Allocation: QIBs (up to 50%), Non-Institutional Bidders (15%), Retail Investors (35%), and Employee Reservation (up to ₹100 crore)
Book Running Lead Managers: Nuvama Wealth Management, DAM Capital Advisors, and Anand Rathi Advisors (marketing only)
Registrar: MUFG Intime India Pvt. Ltd.
Investor Takeaways
Strong financial performance with PAT nearly tripling in two years
Over three decades of brand legacy and credibility in the brokerage space
Extensive multi-channel presence combining physical branches and digital platforms
Focused utilisation of IPO proceeds towards working capital and growth
Pradeep Gupta, Co-Founder & Vice Chairman of Anand Rathi, addressing the media in Ahmedabad, said: “This IPO is a milestone in our journey of over three decades. It reflects the trust our clients have placed in us and our ambition to scale new heights in the Indian capital markets.”
Roop Bhootra, CEO – Investment Services, added: “With a strong branch network and digital reach, we are well-positioned to serve investors across segments. The fresh issue will strengthen our working capital base and support our growth momentum in the years ahead.”
Disclaimer: This news is for informational purposes only. Please refer to official offer documents and consult a financial advisor before investing.
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